announced acquisition of Arena Corner Office Centre for Endurance Office and Retail Fund. The building offers high quality office space and retail units. The total investment is estimated at EUR 63m.
The leaseable area is about 28,000 sqm which implies EUR 2,250 per sqm which is about same price paid for similar office building acquisition in Prague (EUR 2,300 per sqm). Arena Corner was acquired for Endurance fund where holds 10-15% stake and collects management fees